Financial news: A new basis for calculating the zero-coupon yield curve for government bonds will come into effect on October 15, 2025.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

From October 15, 2025, a new composition of the calculation base for the zero-coupon yield curve of government bonds (federal loan bonds) will come into effect.

The calculation basis for the zero-coupon yield curve for government bonds, effective October 15, 2025

No. Name State registration number
1 OFZ 26245 SU26245RMFS9
2 OFZ 26219 SU26219RMFS4
3 OFZ 26226 SU26226RMFS9
4 OFZ 26207 SU26207RMFS9
5 OFZ 26232 SU26232RMFS7
6 OFZ 26212 SU26212RMFS9
7 OFZ 26242 SU26242RMFS6
8 OFZ 26228 SU26228RMFS5
9 OFZ 26218 SU26218RMFS6
10 OFZ 26241 SU26241RMFS8
11 OFZ 26221 SU26221RMFS0
12 OFZ 26244 SU26244RMFS2
13 OFZ 26225 SU26225RMFS1
14 OFZ 26233 SU26233RMFS5
15 OFZ 26240 SU26240RMFS0
16 OFZ 26243 SU26243RMFS4
17 OFZ 26230 SU26230RMFS1
18 OFZ 26238 SU26238RMFS4
19 OFZ 26239 SU26239RMFS2
20 OFZ 26247 SU26247RMFS5
21 OFZ 26236 SU26236RMFS8
22 OFZ 26237 SU26237RMFS6
23 OFZ 26248 SU26248RMFS3
24 OFZ 26235 SU26235RMFS0
25 OFZ 26224 SU26224RMFS4
26 OFZ 26246 SU26246RMFS7

Detailed information on the zero-coupon yield curve for government bonds (federal loan bonds) is available on the exchange's website. http://moex.com/a3642

Contact information for media: 7 (495) 363-3232PR@moex.com

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Financial news: On holding auctions on October 15, 2025, to place OFZ issues No. 26246RMFS and No. 26251RMFS

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

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For bidders

We inform you that, based on a letter from the Bank of Russia and in accordance with Part I. General Part and Part II. Stock Market Section of the Rules for Trading on the Stock Market, Deposit Market, and Loan Market of Moscow Exchange PJSC, the order establishes the form, time, duration, and procedure for holding auctions for the placement and trading of the following federal loan bonds:

1.

Name of the Issuer Ministry of Finance of the Russian Federation
Name of the security federal loan bonds with constant coupon income
State registration number of the issue 26246RMFS from May 8, 2024
Date of the auction October 15, 2025
Information about the placement (Trading mode, placement form) The placement of Bonds will be carried out in the “Placement: Auction” trading mode by holding an Auction to determine the placement price.BoardId: PACT (Settlement: Ruble)
Trade code SU26246RMFS7
ISIN code RU000A108EE1
Settlement code B01
Additional conditions of placement

The share of non-competitive bids in relation to the total volume of bids submitted by the Bidder may not exceed 90%.

Trading time Trading hours: bid collection period: 14:30 – 15:00; bid execution period: 15:30 – 18:00.

2. Form, time, term and procedure for the placement:

Name of the Issuer Ministry of Finance of the Russian Federation
Name of the security federal loan bonds with constant coupon income
State registration number of the issue 26251RMFS from August 19, 2025
Placement start date October 15, 2025
Information about the placement (Trading mode, placement form) The placement of Bonds will be carried out in the “Placement: Auction” trading mode by holding an Auction to determine the placement price. (Settlements: Ruble)
Trade code SU26251RMFS7
ISIN code RU000A10CKT3
Settlement code B01
Additional conditions of placement

The share of non-competitive bids in relation to the total volume of bids submitted by the Bidder may not exceed 90%.

Trading time Trading hours: bid collection period: 12:00 – 12:30; bid execution period: 13:00 – 18:00.

Contact information for media: 7 (495) 363-3232PR@moex.com

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Denis Manturov spoke at government hour in the State Duma.

Translation. Region: Russian Federation –

Source: Government of the Russian Federation – Government of the Russian Federation –

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Denis Manturov spoke at government hour in the State Duma.

First Deputy Prime Minister of Russia Denis Manturov took part in a government hour at the State Duma dedicated to issues of automation and increasing labor productivity.

Speaking to parliamentarians, Denis Manturov called automation and increased labor productivity a cross-cutting objective for all sectors of the Russian economy and social sphere, and one of the key factors in ensuring the country's GDP growth rates above the global average.

The First Deputy Prime Minister explained that the activities of the national technological leadership project "Production and Automation Tools" are focused on two main areas.

The first involves increasing the production of high-tech machine tool products. Last year, government support measures already ensured a 20% increase in production in this segment.

"By 2030, our companies must scale up production of approximately 550 types of machine tools, machining centers, and components," noted Denis Manturov.

The second area involves developing the industrial robotics sector. The benchmark here is Russia's goal of joining the top 25 countries in the world in terms of robotic density. This poses a challenge for the industry and integrators, and also requires the creation of a new production culture.

"To reach our targets, we need to integrate approximately 80,000 industrial robots into companies' technological processes by 2030. These are complex, flexible, and multifunctional systems, integrating artificial intelligence, machine learning, and sensor technologies," the First Deputy Prime Minister explained.

Denis Manturov identified another aspect of industrial automation as the transition of enterprises to sovereign software.

The First Deputy Prime Minister paid special attention to labor productivity in the defense industry: in this sector, it has grown by more than 40% over the past three years – even taking into account the additional recruitment of approximately 800,000 new specialists to factories.

"We need a similar pace to achieve our space industry development goals. Roscosmos is already implementing a corporate robotics program," Denis Manturov noted.

Denis Manturov identified the training of qualified personnel as the most important factor in increasing labor productivity. To achieve industrial technological sovereignty by 2030, it is necessary to attract more than 2 million additional workers in various fields. A third of this demand consists of specialists with higher education.

During his speech, the First Deputy Prime Minister also touched on the topic of standards. "High standards, norms, and regulations, along with their unification, are the foundation for increased production efficiency," Denis Manturov emphasized.

Concluding his speech, the First Deputy Prime Minister noted that industrial development issues are a constant focus of State Duma deputies, and thanked the parliamentary corps for their systematic, long-term support and collaborative work.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Financial news: On 10/15/2025, the Federal Treasury will hold a deposit auction of 22,025,318.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

CategoriesEconomics, MIL-OSI, Moscow, Russia, Russian Economy, Russian Federation, Russian Language, Moscow Exchange, University life /

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Application selection parameters
Date of the application selection 2025-10-15
Unique identifier for the selection of applications 22,025,318
Deposit currency rubles
Type of funds EKS
Maximum amount of funds placed in bank deposits, million monetary units 50,000,000,000
Placement period, in days 35
Date of deposit 2025-10-15
Refund date 2025-11-19
Interest rate for placement of funds (fixed or floating) Single Treasury Account
Minimum fixed interest rate for placement of funds, % per annum
Basic floating interest rate for placement of funds FLOATING_RUONmDS
Minimum spread, % per annum 0
Terms and conditions for concluding a bank deposit agreement (fixed-term, replenishable or special) Urgent
Minimum amount of funds placed per application, million monetary units 1,000,000,000
Maximum number of applications from one credit institution, pcs. 5
Application Selection Form (Open with Random Ending, Closed, Open with Extension) Open with extension
Application selection schedule (Moscow time)
Venue for the selection of applications Moscow Exchange PJSC
Applications accepted: from 10:00 to 10:10
Pre-applications: from 10:00 to 10:05
Applications in competition mode: from 10:05 to 10:10
Random trade completion period (sec.): 0
Bet step: 0.1
Time step (sec.): 60
Extension period end time: 10:40:00
Formation of a consolidated register of applications: from 10:40 to 10:50
Setting a cut-off percentage and/or recognizing the selection of applications as unsuccessful: from 10:40 to 11:00
Submitting an offer to credit institutions to conclude a bank deposit agreement: from 11:00 to 11:50
Receiving acceptance of an offer to conclude a bank deposit agreement from credit institutions: from 11:00 to 11:50
Deposit transfer time In accordance with the requirements of paragraphs 63 and 64 of the Order of the Federal Treasury dated April 27, 2023 No. 10n

Financial news: On 10/15/2025, the Federal Treasury will hold a deposit auction of 22,025,319.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

CategoriesEconomics, MIL-OSI, Moscow, Russia, Russian Economy, Russian Federation, Russian Language, Moscow Exchange, University life /

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Archives

Application selection parameters
Date of the application selection 2025-10-15
Unique identifier for the selection of applications 22,025,319
Deposit currency rubles
Type of funds EKS
Maximum amount of funds placed in bank deposits, million monetary units 248,000,000,000
Placement period, in days 2
Date of deposit 2025-10-15
Refund date 2025-10-17
Interest rate for placement of funds (fixed or floating) Single Treasury Account
Minimum fixed interest rate for placement of funds, % per annum 16.23
Basic floating interest rate for placement of funds
Minimum spread, % per annum
Terms and conditions for concluding a bank deposit agreement (fixed-term, replenishable or special) Urgent
Minimum amount of funds placed per application, million monetary units 1,000,000,000
Maximum number of applications from one credit institution, pcs. 5
Application Selection Form (Open with Random Ending, Closed, Open with Extension) Open with random ending
Application selection schedule (Moscow time)
Venue for the selection of applications Moscow Exchange PJSC
Applications accepted: from 4:00 PM to 4:10 PM
Pre-applications: from 4:00 PM to 4:05 PM
Applications in competition mode: from 4:05 PM to 4:10 PM
Random trade completion period (sec.): 120
Bet step:
Time step (sec.):
Extension period end time:
Formation of a consolidated register of applications: from 4:10 PM to 4:20 PM
Setting a cut-off percentage and/or recognizing the selection of applications as unsuccessful: from 4:10 PM to 4:30 PM
Submitting an offer to credit institutions to conclude a bank deposit agreement: from 4:30 pm to 5:20 pm
Receiving acceptance of an offer to conclude a bank deposit agreement from credit institutions: from 4:30 pm to 5:20 pm
Deposit transfer time In accordance with the requirements of paragraphs 63 and 64 of the Order of the Federal Treasury dated April 27, 2023 No. 10n

Dmitry Chernyshenko: Every second endowment fund in Russia works in the education sector.

Translation. Region: Russian Federation –

Source: Government of the Russian Federation – Government of the Russian Federation –

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Deputy Prime Minister Dmitry Chernyshenko chaired a meeting on the development of target funds and other forms of charitable support for educational and scientific organizations.

The event was attended by Deputy Minister of Science and Higher Education Andrei Omelchuk, Deputy Minister of Education Olga Koludarova, representatives of other ministries and departments, scientific organizations, and university rectors (MIPT, HSE, Plekhanov Russian University of Economics, etc.).

In preparation for Prime Minister Mikhail Mishustin's strategy session, the Russian Ministry of Education and Science has formed seven working groups that are developing proposals to create tools for supporting universities with their graduates and to improve mechanisms for the formation and use of endowment funds (ETFs) for educational institutions addressing pressing industry issues.

The results of their work over the past three months were presented at the meeting. The groups developed proposals for support tools, conducted a survey of over 100 successful and well-known alumni from 20 universities with large endowment funds, developed proposals for a list and methodology for collecting key indicators to assess the current state of endowment funds, and analyzed current legislation.

"President Vladimir Vladimirovich Putin has instructed that proposals be submitted for developing tools to support educational institutions through their graduates, as well as for improving the mechanisms for forming and using endowment funds for educational institutions. According to statistics, every second endowment fund in Russia operates in the education sector—approximately 40% of all funds. Moreover, over 36% are in higher education. It is necessary to strategically expand the geography of these funds, creating them not only in higher education but also in schools, secondary vocational education institutions, and research organizations," said Dmitry Chernyshenko.

Over the past 18 years, more than 400 Federal Targeted Funds (FTCs) have been established in our country, with total assets exceeding 155.5 billion rubles. In 2024, the volume of funds invested in these funds increased by 8.6%, demonstrating increased confidence in this long-term financing instrument for socially significant projects.

The Deputy Prime Minister added that Prime Minister Mikhail Mishustin instructed the development of proposals for additional measures to support the development of endowment funds at universities. In accordance with the Ministry of Education and Science's instruction, the Concept for the Development of Endowment Funds for Universities and Research Organizations for 2025–2035 and its methodological recommendations have been approved.

"Today, the Ministry of Education and Science, together with other agencies, is actively working to increase the attractiveness and sustainability of endowments. It is crucial for us that endowments in Russia are growing, and we are creating the conditions for their further development. This work is based on extensive research involving over a hundred experts. Based on market analysis and surveys, key challenges and proposed solutions have been identified and will be further developed. In developing these measures, we are focusing on increasing trust and removing administrative barriers, including expanding tax incentives and promoting endowments. These steps will strengthen the funds' financial stability and improve their performance," noted Deputy Minister of Education and Science Andrey Omelchuk.

The "Education and Promotion" working group conducted a survey of successful graduates of Russian universities to identify barriers and incentives for their participation in the formation and development of university endowment funds. The survey revealed that 71% of graduates are aware of the concept of endowment funds, and almost half of those surveyed—45%—are willing to make regular small payments to support endowment funds.

Ivan Lobanov, Rector of the Plekhanov Russian University of Economics, noted the increase in the number of specialized educational programs for training qualified personnel for foundations: by 2025, there are several thousand potential students associated with more than 400 foundations, as well as more than 1,000 potential course participants working in higher education institutions.

MIPT Rector Dmitry Livanov noted that an analysis of best global practices shows that the successful development of endowments is possible with a combination of three factors: flexible regulation, active university participation, and low barriers to entry for small foundations.

"In Russia today, only the first step has been fully implemented. Therefore, our task is to create the necessary conditions: reduce administrative and financial barriers for small endowments, empower universities to support their endowments from the start, and develop platform solutions that dramatically reduce costs. We are convinced that a dedicated government support program is also necessary for accelerated market growth. This will allow us to create a modern endowment infrastructure and make endowments a viable source of long-term investment in education and science," noted Dmitry Livanov.

Stanislav Prokofiev, Rector of the Financial University under the Government of the Russian Federation, outlined key measures for tax and non-tax incentives for endowment funds.

"The working group believes that such measures should include quick wins in the form of simplifying administrative procedures for creating and administering endowment funds based on out-of-the-box solutions, and creating model documents designed to help small endowment funds register and begin operations," he said.

Speaking about the medium-term outlook, Stanislav Prokofiev emphasized the need to improve legislation, as well as to ensure the flexibility and transparency of the Federal Center for Strategic Development and the expansion of investment instruments.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Financial news: 13.10.2025, 14-44 (Moscow time) the values of the lower boundary of the price corridor and the range for assessing market risks for the security RU000A109SK6 (MTS 1P-27) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

October 13, 2025, 2:44 PM

In accordance with the Methodology for determining the risk parameters of the stock market and the deposit market of PJSC Moscow Exchange by the National Credit Center (JSC) on October 13, 2025, 14:44 (Moscow time), the values of the lower limit of the price corridor (up to 98.8) and the range of market risk assessment (up to 934.94 rubles, equivalent to a rate of 12.5%) for security RU000A109SK6 (MTS 1P-27) were changed.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Financial news: 13.10.2025, 13-03 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for security RU000A102986 (SUEK-F1P6R) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

October 13, 2025, 1:03 PM

In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of PJSC Moscow Exchange by the National Credit Center (JSC) on 13.10.2025, 13-03 (Moscow time), the values of the upper limit of the price corridor (up to 106.93) and the range of market risk assessment (up to 1182.7 rubles, equivalent to a rate of 8.75%) for security RU000A102986 (SUEK-F1P6R) were changed.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Financial news: 13.10.2025, 13-30 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for security RU000A0JT403 (VEB.RF 18) were changed.

Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

An important disclaimer is at the bottom of this article.

October 13, 2025, 1:30 PM

In accordance with the Methodology for determining the risk parameters of the stock market and the deposit market of PJSC Moscow Exchange by the NCC (JSC), on October 13, 2025, at 1:30 PM (Moscow time), the values of the upper limit of the price corridor (up to 109.67) and the range of market risk assessment (up to 1,140.96 rubles, equivalent to a rate of 8.75%) for security RU000A0JT403 (VEB.RF 18) were changed.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.

Alexey Overchuk took part in a trilateral meeting between Russia, Azerbaijan, and Iran.

Translation. Region: Russian Federation –

Source: Government of the Russian Federation – Government of the Russian Federation –

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Alexey Overchuk took part in the trilateral meeting between Russia, Azerbaijan, and Iran.

A meeting between representatives of the Russian Federation, the Republic of Azerbaijan, and the Islamic Republic of Iran was held in the capital of the Republic of Azerbaijan. The meeting focused on infrastructure cooperation and strengthening transport connectivity in the region. The Russian delegation was led by Deputy Prime Minister Alexey Overchuk, the Azerbaijani delegation was led by Deputy Prime Minister Shahin Mustafayev, and the Iranian delegation was led by Minister of Transport and Urban Development Farzaneh Sadeq.

During the meeting, the Deputy Prime Minister emphasized the importance of developing joint solutions to create a comfortable and seamless environment for carriers, exporters, and importers as part of the development of the western route of the North-South international transport corridor.

According to the Federal Customs Service of Russia, 176,761 international vehicles crossed the Russian-Azerbaijani border in the first half of 2025, a 10% increase compared to the same period last year. Freight turnover increased by 13% to 6.8 million tons.

"We've taken measures at some of the automobile checkpoints located on the Russian-Azerbaijani border that have increased their throughput capacity fivefold: from 400 to 1,900 trucks per day," noted Alexey Overchuk.

Following the completion of the reconstruction of the Novo-Filya, Tagirkent-Kazmalyar, and Yarag-Kazmalyar automobile checkpoints, the total throughput capacity for freight transport on the Russian side will be 3,000 vehicles per day.

Projects to build bypasses around the cities of Astrakhan, Makhachkala, Derbent, and Khasavyurt are being implemented on Russian territory.

In the area of railway infrastructure, the Russian side is working to convert the Derbent-Samur-state border corridor to an AC traction system and construct a railway checkpoint in Derbent. At the end of last year, an intergovernmental cooperation agreement was signed with the Republic of Azerbaijan to develop transit traffic along the North-South International Transport Corridor.

Implementation of the 2023 agreement with the Islamic Republic of Iran on the construction of the Rasht-Astara railway section continues. In May 2025, the Russian side began conducting preliminary surveys, conducting reconnaissance of the area, and work is underway to establish a geodetic reference network.

"To increase the attractiveness of the western route of the North-South International Transport Corridor, it is important for us to develop a harmonized transport infrastructure between Russia, Azerbaijan, and Iran and create equal conditions for all bona fide carriers crossing the state border," stated Alexey Overchuk.

The Deputy Prime Minister noted that this work is driven by growing trade and economic ties between Russia, Azerbaijan, and Iran.

Trade between the two countries is showing steady growth. Russian imports from Azerbaijan increased by 9.5% in the first seven months of 2025, reaching $742.4 million. Trade with the Islamic Republic of Iran increased by 13.3% in 2024 and by 11.8% in the first seven months of 2025, reaching $2.7 billion.

The Free Trade Agreement between the EAEU and the Islamic Republic of Iran, which entered into force on May 15, 2025, gave a special impetus to trade relations.

"If we look at the statistics from May to July 2025, that is, from the moment the free trade zone with the EAEU began operating, we are already seeing a 35% increase in trade turnover," the Deputy Prime Minister emphasized, noting that the first meeting of the Joint Committee for the Implementation of the Free Trade Agreement was held on September 24, following which a plan for joint activities on trade and economic cooperation between the EAEU and Iran for 2025–2028 was adopted.

Alexey Overchuk noted that the strategic goal of joint infrastructure work is to ensure seamless logistics from the Barents and Baltic Seas to the Persian Gulf, which will create the best competitive conditions for producers, exporters, and importers in the three countries.

"This is the work that gives our economies additional opportunities to expand, creates new jobs, increases incomes, and improves people's lives," said the Deputy Prime Minister.

Please note: This information is raw content obtained directly from the source. It represents an accurate account of the source's assertions and does not necessarily reflect the position of MIL-OSI or its clients.